Zu dieser Karteikarte gibt es einen kompletten Satz an Karteikarten. Kostenlos!
49
How did Rockefeller reach a minimum LRAC with Standard Oil?
He bought up the competition and shut down the least efficient firms, which allowed the remaining firms to operate at capacity (which we know is usually the most efficient state) for a min LRAC.
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 12.10.2010